Is 49037, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49037 has remained a Seller's Market.
Housing Prices in 49037, MI
How much do homes in 49037, MI cost?
Median Sold Price
$128,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49037 was $128,000 in April 2024, up 8.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $107K | +2.9% |
2 Bedrooms | $90K | $114.9K | +27.7% |
3 Bedrooms | $131.5K | $139.1K | +5.8% |
4 Bedrooms | $142.5K | $159K | +11.6% |
5+ Bedrooms | $107.5K | $147.5K | +37.2% |
Summary: 49037 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 37.2%.
Housing Supply in 49037, MI
How many homes are available in 49037, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 56 | -8.2% |
Summary: The 49037 real estate market had 56 homes for sale in April 2024, a 8.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 33 | 26 | -21.2% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49037 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 49037 in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% were sold over asking.
Days on Market for 49037, MI
How long does it take to sell a home in 49037, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 37 Days | +48.7% |
Summary: Homes in 49037 had an average of 37 days on market in Apr 2024, up by 48.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 49037; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.